Effective February 5, 2017, the Qualified Dispositions in Trusts Act was signed by Michigan's Governor Rick Snyder in December. Michigan now joins 16 other states in allowing Domestic Asset Protection Trusts (DAPTs).

Are you ready? The Department of Labor issued its final ruling on May 19, 2016, regarding the Fair Labor Standards Act as it pertains to exemptions from overtime pay. This ruling becomes effective on December 1, 2016.